Business
Publisher Contract Win
Publisher Contract Win.
About this update from Smiths News Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8478B\n Connect Group PLC\n 13 October 2020\n \n \n \n \n \n \n \n \n \n \n 13 October 2020\n \n \n \n \n \n Connect Group PLC\n \n \n (\"the Company\" or \"the Group\")\n \n \n \n \n \n \n \n \n Publisher Contract Win\n \n \n \n \n \n \n \n \n \n \n \n New contract with Associated Newspapers\n \n \n \n \n \n The Company is pleased to announce that Smiths News has agreed a new five-year contract with Associated Newspapers, publisher of the Daily Mail, The Mail on Sunday and the i newspaper. The exclusive agreement encompasses all our existing distribution territories, securing annual revenues of circa 175m at current market values, accounting for 15.9% of our sales. \n \n \n The Company has now secured over 95% of total newspaper and magazine revenues under new long-term contracts until at least 2024, with the remaining revenues within Smiths News largely representing smaller publishers and operating on rolling agreements.\n \n \n \n \n \n \n \n \n Commenting on today's announcement, Jonathan Bunting, Chief Executive Officer, said:\n \n \n \n \n \n \n '\n \n \n I'm delighted that we have secured a new agreement with Associated Newspapers, completing our goal of renewing all our major contracts. The certainty this brings to our network will underpin our plans for further efficiencies and provides the Company with good visibility of future revenue and cash flow.\n \n \n '\n \n \n \n \n \n \n \n \n \n Enquiries: \n \n \n \n \n \n Connect Group PLC \n \n \n Jonathan Bunting, Chief Executive Officer\n \n \n Tony Grace, Chief Financial Officer \n \n \n \n [email protected]\n \n \n \n \n \n www.connectgroupplc.com\n \n \n \n \n \n \n \n Buchanan (Financial PR)\n \n \n Richard Oldworth / Jamie Hooper \n \n \n \n [email protected]\n \n \n \n \n \n www.buchanan.uk.com\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Person responsible for arranging release of this announcement:\n \n \n Stuart Marriner, General Counsel & Company Secretary\n \n \n Connect Group PLC\n \n \n Rowan House\n \n \n Cherry Orchard North\n \n \n Kembrey Park\n \n \n Swindon\n \n \n SN2 8UH\n \n \n email: [email protected]\...